Tag Archives: Terracoin

An Ecoin is an electronic currency. It is also referred to as E-currency or crypto currency. It is pretty much like cash for the Internet. Ecoins come in two types, closed network ecoins and open network ecoins. Examples of closed network ecoin networks are the types of ecoins used for virtual goods for games or on social networks. In game currency like Facebook credits and Gold for World of Warcraft are examples of closed network ecoins. The other major type of ecurrency is open network systems. Bitcoins and litecoins are two types of peer to peer, open network crypto currencies. Bitcoin is the grandfather of these types of ecoins. Litecoin is the up and comer. There are many other types of Ecoins as well. Each coin has its own flavor. The major type are outlined in the chart below.